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June 27, 2011 / twobitcents

Why Bitcoin Should Not be Federally Regulated



John William Nelson wrote a great article about Bitcoin and how current federal securities laws do not apply to it.

There are questions as to whether Bitcoin falls under the regulations of federal securities law. Federal securities law is a complex area of law that grants courts and the SEC great leeway in classifying investment products as securities. Nevertheless, a Bitcoin in-and-of-itself is not a security that can be regulated under federal securities la.

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